Cameco not likely done with M&A yet, analysts say

Cameco’s announcement this week that it is paving the way to raise up to $1-billion has sparked speculation the Canadian uranium giant may be preparing for a large takeover. TSO & Associates analyst Terence Ortslan said on Friday there are...

Cameco buys uranium trader Nukem for $136m

Cameco, the biggest listed uranium producer, agreed to pay private equity firm Advent International €105-million, or $136-million, for nuclear fuel trader Nukem to deepen its involvement in marketing and secure alternative supplies, the company...

Paladin says reviewing options for Australian projects

Uranium miner Paladin Energy on Tuesday reported that it was reviewing all options for its nonproducing assets, and that it would not be limited to a search for minority joint venture (JV) interests. The Toronto and Sydney-listed miner reported...

Canada's Nunavut awaits its day in the sun

The prospects of a mining boom in Canada's Arctic territory of Nunavut - once as bright as the Northern Lights - are fading fast as costs in the inhospitable region spiral higher, forcing writedowns on two major gold projects there. The sparsely...

Khan frowns on Macusani-Southern Andes tie-up

Canada’s Khan Resources, which owns 14.4% of Macusani Yellowcake, said on Friday it will vote against the company’s proposed merger with Southern Andes Energy. The TSX-V-listed company said it was against the deal, first slated in February,...

Inkai mine, Republic of Kazakhstan

A uranium operation located in the Republic of Kazakhstan.

Canadian uranium ownership policy to remain for now: Oliver

Foreign-owned uranium companies hoping to build uranium mines in Canada, including diversified giant Rio Tinto and Australia’s Paladin Energy might be disappointed that the federal government still has no plans to change a policy that restricts...

Cameco to pay C$150m for Areva's Millennium stake

Cameco, the biggest uranium producer in the world, has agreed to buy Areva’s 28% stake in the Millennium project in Saskatchewan for C$150-million, sparking speculation the French nuclear giant might put other Canadian assets up for sale. While...

Macusani agrees to buy Southern Andes in friendly uranium deal

TSX-V- and Frankfurt-quoted Macusani Yellowcake said on Friday it agreed to buy Southern Andes Energy to grow its uranium exploration tenements in south-east Peru in an all-share deal. The friendly takeover will see Macusani’s shareholders...

Cigar Lake uranium mine, Canada

Cameco has constructed a second shaft to reach the main mine workings at the Cigar Lake uranium mine project.

Rio takes full ownership of Hathor

Mining giant Rio Tinto has completed the acquisition of Canadian explorer Hathor Exploration, acquiring the remaining 7.9-million common shares not already owned by the company. In a statement on Thursday, Rio said that the outstanding...

Analyst trims Fission target price, still expects a Rio takeout

Versant Partners on Friday cut its target price by 21% for Canadian uranium hopeful Fission Energy after a recent $10-million private placement diluted the share’s value, analyst Rob Chang is still predicting Rio Tinto will buy the company. In...